Tag: Brazil

• Saturday, April 13th 2019 - 07:44 UTC

  Bolsonaro prepares to open Amazon reserve to mining: pledges no bureaucratic impediments

  

  Brazilian President Jair Bolsonaro said on Friday the country could open a vast reserve in the Amazon rainforest to mining, a move attempted by his predecessor that was quickly rescinded following an international environmental outcry.

• Friday, April 12th 2019 - 17:32 UTC

  A leading Brazilian coffee exporter files for bankruptcy, hoping to restructure a debt of US$ 282 million

  

  Terra Forte, one of the largest Brazilian coffee exporters, has filed for bankruptcy protection in a Sao Paulo state court, lawyers for the company said. Law firm Freire, Assis, Sakamoto e Violante said Terra Forte was looking to restructure 1.1 billion reais (US$ 288.2 million) in debt.

• Friday, April 12th 2019 - 09:45 UTC

  Brazil's lower house speaker forecasts pension reform will be approved by next June

  

  Brazil’s pension reform process will pick up momentum after the Easter holidays, staying on track for approval in the lower house in May or June, the lower house speaker Rodrigo Maia said on Thursday.

• Friday, April 12th 2019 - 09:11 UTC

  Brazil inflation 0.75% in March and 4.58% in twelve months

  

  Brazil's inflation rate hit 0.75% in March, the fourth straight month of increases and the highest for the month since 2015 when it registered 1.32%, Brazil's National Institute of Geography and Statistics (IBGE) said on Wednesday.

• Friday, April 12th 2019 - 09:08 UTC

  Bolsonaro announces 13th month payment for 14 million of Family Fund recipients

  

  Brazil's right-wing President Jair Bolsonaro announced Thursday an expansion of a social welfare program that was created by his jailed left-wing foe Lula da Silva.

• Thursday, April 11th 2019 - 09:30 UTC

  Brazil' finance minister optimistic about pension reform and privatizations

  

  Brazilian Economy Minister Paulo Guedes said on Wednesday he is “optimistic” that Congress will pass a pension reform bill that will generate savings of 1 trillion reais (US$ 261.68 billion) over 10 years, in line with the government’s ambitious proposal.

• Thursday, April 11th 2019 - 09:15 UTC

  Caimans on the loose in flash flooded Rio's favelas

  

  Residents of a hillside Rio de Janeiro favela risk finding hungry caimans at their front door after the city was hit hard by heavy flooding caused by torrential rain.

• Thursday, April 11th 2019 - 09:07 UTC

  Brazilian prosecutors planning to file criminal charges to mining giant Vale SA

  

  Brazilian prosecutors plan to file criminal charges against Vale SA and employees of the mining giant over the deadly collapse of a mine-waste dam in January, the lead investigator told The Wall Street Journal.

• Thursday, April 11th 2019 - 09:06 UTC

  Swiss prosecution has returned US$ 365m to Brazil linked to corruption operations in Petrobras and Odebrecht

  

  Crime-fighters in Switzerland and Brazil pledged to intensify cooperation to resolve the sprawling corruption case linked to state oil firm Petrobras in which around 700 million Swiss francs (US$ 701 million) remain frozen in Switzerland.

• Thursday, April 11th 2019 - 09:03 UTC

  Brazilians are back!! Miami real agents celebrate

  

  Miami real estate agents have one reason to be happy: Brazilian buyers are back as a dominant buyer pool in South Florida, amid an increase in foreign investment. Political turmoil in Brazil and a strong dollar have kept buyers away from South Florida in recent years – until now.